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right now the country remains without a deal on the fiscal cliff. although the senate's solution passed by an overwhelming majority this morning, the process has come to a screeching halt on the house side. the number two republican in the house, virginia congressman eric cantor, says he cannot support the bill as it stands now. many republicans say that they are upset the bill doesn't do much to cut federal spending. democrats are demanding the vote but house speaker john boehner has not agreed to let members vote or amend the bill. >> that's fair enough. some have principled opposition. you also have to be pic
right now the country remains without a deal on the fiscal cliff. although the senate's solution passed by an overwhelming majority this morning, the process has come to a screeching halt on the house side. the number two republican in the house, virginia congressman eric cantor, says he cannot support the bill as it stands now. many republicans say that they are upset the bill doesn't do much to cut federal spending. democrats are demanding the vote but house speaker john boehner has not...
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on the fiscal cliff today, hoping to avoid steep spending cuts and tax increases. kristin welker is at the white house where the president had a high-profile meeting with congressional lawmakers on friday. good morning. >> reporter: carl, good morning to you. all eyes are on the senate this morning as majority leader harry reid and minority leader mcconnell true to cobble together a last-minute plan to avoid the fiscal cliff. president obama saying he is modestly optimistic that they can come up with a plan in time. on friday, president obama met with the four top congressional leaders here at the white house for about an hour. sources close to those talks say that the president gave lawmakers two options, either come up with a plan that can make it through both chambers or put his proposal up for a vote. under the president's plan, the bush-era tax cuts would be extended for those making $250,000 or less with rates allowed to raise on top income earners. it would also extend unemployment insurance benefits. president obama saying the time for action is now. >> the
on the fiscal cliff today, hoping to avoid steep spending cuts and tax increases. kristin welker is at the white house where the president had a high-profile meeting with congressional lawmakers on friday. good morning. >> reporter: carl, good morning to you. all eyes are on the senate this morning as majority leader harry reid and minority leader mcconnell true to cobble together a last-minute plan to avoid the fiscal cliff. president obama saying he is modestly optimistic that they can...
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. >>> as the countdown counties toward the fiscal cliff, a deal could soon be on the horizon. senate lawmakers say they are planning to work through the weekend to come to an agreement. president obama met with senate and house leaders yesterday. all sides say they're getting closer to a deerl. the two sides are trying to avoid a tax hike on all americans as well as deep spending cuts. but the president also said that the american people are growing tired of what seems to be never ending gridlock and partisan bickeri bickering. >> the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. the economy is growing, but sustaining that trend is going to require elected officials to do their jobs. >> right now, the plan is to come to an agreement then send it over to the senate for a vote. the house would then take a vote, which could take place as late as january 2nd. the president will sit down for an exclusive one-on-one interview with "meet the press" moderator david gregory tomorrow. the two will discuss the fis
. >>> as the countdown counties toward the fiscal cliff, a deal could soon be on the horizon. senate lawmakers say they are planning to work through the weekend to come to an agreement. president obama met with senate and house leaders yesterday. all sides say they're getting closer to a deerl. the two sides are trying to avoid a tax hike on all americans as well as deep spending cuts. but the president also said that the american people are growing tired of what seems to be never...
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Dec 30, 2012
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fiscal cliff. sources tell nbc news party leaders in the senate are drafting a small stop-gap plan. the question is whether minority leader mitch mcconnell and majority leader harry reid can draft a bill that will pass the house. any bill that does come up for a vote tomorrow or monday will likely not address massive spending cuts but lawmakers are trying to avoid tax increases for most americans. nbc's david gregory talked to president obama about negotiations today in an interview that airs on "meet the press" tomorrow. the president continues to be optimistic but he, i think, in part is doing the interview on "meet the press" because he wants to keep the pressure on republicans to get something done and made very clear in the course of the interview that there's a political cost to be paid if there is not a deal. you can see the full interview with the president from the white house tomorrow morning on "meet the press" at 10:30 right here on nbc 4. >>> some good news for former president george
fiscal cliff. sources tell nbc news party leaders in the senate are drafting a small stop-gap plan. the question is whether minority leader mitch mcconnell and majority leader harry reid can draft a bill that will pass the house. any bill that does come up for a vote tomorrow or monday will likely not address massive spending cuts but lawmakers are trying to avoid tax increases for most americans. nbc's david gregory talked to president obama about negotiations today in an interview that airs...
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to avoid the so-called fiscal cliff. the president again today called on lawmakers to act before taxes automatically go up for every american and spending cuts kick in. but republicans aren't happy with the proposal the white house is offering. so on a saturday night, washington is still at a stalemate and the public is pretty clearly growing frustrated. david gregory sat down exclusively with the president today. he'll share some insight in just a moment. first we go to nbc's kristen welker at the white house on a where the talks stand. >> reporter: good evening. sources close to the talks say there is more pessimism tonight with democrats and republicans still unable to reach a compromise, particularly over the issue of taxes. but senate negotiators aren't giving up. they're still hopeful for a breakthrough before that all important tuesday deadline. with time running out, key staffers huddled behind closed doors against the backdrop of a snowy capitol trying to hammer out a last-minute deal. in his weekly address, pre
to avoid the so-called fiscal cliff. the president again today called on lawmakers to act before taxes automatically go up for every american and spending cuts kick in. but republicans aren't happy with the proposal the white house is offering. so on a saturday night, washington is still at a stalemate and the public is pretty clearly growing frustrated. david gregory sat down exclusively with the president today. he'll share some insight in just a moment. first we go to nbc's kristen welker at...
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Dec 24, 2012
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of the year to avoid the fiscal cliff. congress is not expected to return to work until thursday. that's the same day president obama will return. he's spending christmas in hawaii with his family. that leaves them just five days to get a deal done to avoid steep tax hikes and big-time spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential economic disaster. >>> last-minute shoppers may not have been as merry this year as retailers had hoped. good morning. >> good morning to you. shoppers filled the malls and stores on the final weekend before christmas but many people may have not been filled with holiday spirit this year. research group npd says customer traffic was in line with last year but consumers are spending less. a combination of factors may be weighing on their minds including the tax impact of the fiscal cliff, aftereffects of sandy and shootings in connecticut. 'tis the season for giving but many charities aren't on the receiving end. the single biggest sour
of the year to avoid the fiscal cliff. congress is not expected to return to work until thursday. that's the same day president obama will return. he's spending christmas in hawaii with his family. that leaves them just five days to get a deal done to avoid steep tax hikes and big-time spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential economic disaster. >>> last-minute shoppers may not have been as merry this year as retailers...
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Dec 28, 2012
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>> i am hopeful that there will be a deal that avoids the worst parts of the fiscal cliff, namely taxes going up on middle class people. i think there can be, and i think the odds are better than people think that they could be. >> let's hope so. senators chuck schumer and john thune, thank you both. savannah. >> all right. thank you. >>> tributes are pouring in this morning for general norman schwarzkopf. "stormin' norman" as we became known died on thursday from complications of pneumonia. andrea mitchell has a look back at his life. good morning to you. >> good morning. he was often compared to the most celebrated generals of the 20th century. a warrior's warrior with the charisma of douglas macarthur. he's being applauded as the most celebrated battle commander of his generation. nicknamed "stormin' norman" for his legendary temper, norman schwarzkopf was an american original. he used his pre-war briefings to try to scare saddam hussein into backing down. >> if the iraqis are dumb enough to attack, they'll pay a terrible price for it. >> they dare come across that border, i'm comple
>> i am hopeful that there will be a deal that avoids the worst parts of the fiscal cliff, namely taxes going up on middle class people. i think there can be, and i think the odds are better than people think that they could be. >> let's hope so. senators chuck schumer and john thune, thank you both. savannah. >> all right. thank you. >>> tributes are pouring in this morning for general norman schwarzkopf. "stormin' norman" as we became known died on...